PRPL - 3 Top Small-Cap Stocks to Buy Right Now
Investors continue to show a fascination with small-cap stocks.
Defined as stocks with a market capitalization in the $300 million to $2 billion range, most small caps remain inconsequential as they exhibit no apparent potential for profit growth or industry leadership. However, many buy in hopes that the small-cap stock of today is the large or mega-cap stock of tomorrow.
While no company or investment guru can guarantee this, Glu Mobile (NASDAQ: GLUU), NeoPhotonics (NYSE: NPTN), and Purple Innovation (NASDAQ: PRPL) are exhibiting characteristics that suggest they offer such potential. Let's take a closer look at these three top small-cap stocks.